The South Korean government plans to hike tax rates on high-earning online influencers and YouTubers to prevent tax evasion.
Seoul's finance ministry said it's been collecting information on YouTubers who earn more than 10-thousand U.S. dollars a year in foreign currency.
They get paid in the form of foreign remittance via Google's Asia-Pacific headquarters located in Singapore.
The tax office says there's a grey area on taxation for online influencers,... adding it will tighten the rules to ensure they pay their fair share.
Seoul's finance ministry said it's been collecting information on YouTubers who earn more than 10-thousand U.S. dollars a year in foreign currency.
They get paid in the form of foreign remittance via Google's Asia-Pacific headquarters located in Singapore.
The tax office says there's a grey area on taxation for online influencers,... adding it will tighten the rules to ensure they pay their fair share.
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